Laurion Capital Management LP Purchases 5,000 Shares of SharkNinja, Inc. (NYSE:SN)

Laurion Capital Management LP increased its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 100.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company's stock after acquiring an additional 5,000 shares during the quarter. Laurion Capital Management LP's holdings in SharkNinja were worth $974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of SharkNinja in the fourth quarter valued at $47,000. R Squared Ltd acquired a new position in SharkNinja during the fourth quarter valued at $55,000. Covestor Ltd lifted its stake in SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after acquiring an additional 475 shares in the last quarter. SG Americas Securities LLC purchased a new stake in SharkNinja in the 4th quarter worth about $171,000. Finally, Altshuler Shaham Ltd acquired a new stake in SharkNinja during the 4th quarter worth about $209,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Guggenheim lowered their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, The Goldman Sachs Group upped their price target on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Down 0.5%

Shares of SN stock traded down $0.48 on Thursday, hitting $100.63. The company's stock had a trading volume of 1,354,622 shares, compared to its average volume of 1,453,622. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The firm's fifty day moving average price is $82.41 and its 200-day moving average price is $95.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business's quarterly revenue was up 14.7% compared to the same quarter last year. Research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.